Finance is the lifeblood of the real economy, and serving the real economy is the duty and purpose of finance, as well as the fundamental measure to prevent financial risks. Not long ago, the People's Bank of China, the State Administration of Financial Regulation, and the China Securities Regulatory Commission jointly held a video conference to study and implement the central decision-making and deployment, study and implement the work related to financial support for the development of the real economy and the prevention and resolution of financial risks. The requirements for financial support for the real economy should be sufficient, the pace should be stable, the structure should be optimal, and the price should be sustainable. How to understand these key points is worth analyzing. One is to exert enough force. The insufficient financial support for the real economy is mainly reflected in the "quantity increase" and "price optimization". From January to August this year, RMB loans increased by 17.44 trillion yuan, an increase of 1.76 trillion yuan year-on-year. The scale of social financing and the increment of various loans reached 25.2 trillion yuan and 17.4 trillion yuan respectively, further increasing from last year's high level. At the end of August, the balance of broad currency (M2) increased by 10.6% year-on-year. At the same time, the cost of social financing continues to decrease. The weighted average interest rates for newly issued corporate loans and personal housing loans in August were 3.85% and 4.12% respectively, both showing a year-on-year decrease. In the next stage, it is necessary to increase financial support for the real economy, comprehensively utilize aggregate and structural tools, guide financial institutions to increase credit investment, boost market confidence, and promote the accelerated recovery of economic balance. The second is to maintain a stable rhythm. The rhythm of financial support for the real economy needs to be stable, mainly because excessive credit fluctuations may amplify economic fluctuations, thereby affecting the effectiveness of macroeconomic regulation. Therefore, it is necessary to calm credit fluctuations and enhance the stability of financial support for the real economy. From January to August, domestic financial policies advanced and credit increased significantly compared to the same period last year. At the same time, the fluctuation of new credit in each month was basically in line with seasonal fluctuations, and the pace of credit issuance by banks and financial institutions remained stable. Next, structural monetary policy tools such as refinancing, rediscounting, MLF, and PSL should be comprehensively utilized to maintain reasonable and sufficient liquidity. State owned large banks should play a pillar role in credit lending, guide banks and financial institutions to increase credit lending to the real economy, and pay attention to controlling the pace of lending. Thirdly, the structure should be optimized. At the end of August, inclusive small and micro loans and manufacturing medium and long-term loans increased by 24.4% and 39.5% respectively year-on-year, significantly faster than the growth rate of all loans, and the credit structure continued to be optimized. While increasing support for the real economy, we emphasize the optimization of credit structure, mainly to guide financial institutions to effectively alleviate the difficulty and high cost of financing for small and medium-sized enterprises, increase support for manufacturing, science and technology innovation enterprises, green development, and key projects, in order to drive residents' employment and enterprise investment, and enhance the momentum of domestic demand recovery. Fourthly, prices are sustainable. Price mechanism is a key factor in guiding the flow of funds and resource allocation in the financial market. Next, while guiding finance to further rationalize the benefits of the real economy and driving its financing costs down steadily, it is necessary to pay attention to the sustainability of financial product prices. For example, to ensure that the net interest margin of the banking sector is at a reasonable level and to maintain the stable and sustainable operation of the bank; Balancing the interest rates of new and old housing loans for residents and avoiding a large interest rate difference between the two; Maintain reasonable interest rates in various markets and prevent cross market arbitrage and speculation